Press Release

Board of Directors of the Fondo de Ahorro de Panamá Appoints Víctor Mojica Caballero as New Secretariat

Panama | June 5, 2026

The Board of Directors of the Fondo de Ahorro de Panamá (“FAP” or the “Fund”) announces the appointment of Víctor Mojica Caballero as Secretariat of the Fund, effective June 15, 2026.

The selection was the result of a rigorous and comprehensive process conducted with the support of an international executive search firm, ensuring the highest standards of professionalism and transparency. Candidates were assessed prioritizing experience in asset management, institutional governance and financial sector leadership, as well as a proven reputational and professional track record.

Mojica Caballero is a financial markets executive with more than 25 years of experience in capital markets, investment management, and investment banking. He has held leadership positions at leading institutions including UBS AG, Bladex, Multibank and Banco Pichincha, among others. He holds a degree in Accounting from Universidad Santa María La Antigua (“USMA”), an MBA from the same institution, and an Executive MBA in Banking and Finance from INCAE Business School.

“Following an objective and thorough process, the Board determined that Víctor brings the strongest profile to lead the FAP at this stage,” said Mario R. Amaya, Chairman of the Board. “His profile reflects what the Board was looking for in this role: strategic vision, a solid reputation, commitment to institutional governance, and a deep understanding of global markets.”

“It is an honor to take on the responsibility of leading the Fondo de Ahorro de Panamá,” said Mojica Caballero. “The FAP is a strong institution, with an important legacy and a fundamental role in the country’s financial future. My commitment is to preserve that strength and continue building on the foundation that has brought us to where we are today.”

Mojica Caballero succeeds Abdiel A. Santiago M., who served as Secretariat since the Fund’s founding in 2013. The FAP’s assets under management currently exceed B/. 3 billion, establishing the Fund as a regional and global benchmark in sovereign fund governance and disciplined investment management. 

About the Panama Savings Fund
The Panama Savings Fund (FAP) was created by Law 38 of June 5, 2012, to establish a long-term savings mechanism for the Panamanian State and a stabilization instrument in the event of national emergencies or severe economic downturns. As of the end of 2025, the Fund's assets reached B/. 3,084.8 million. 

Contact: Administration | +507-394-5776/5706 | administrador@fondoahorropanama.com
For additional information visit www.fondoahorropanama.com 
 
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